September 29, 2011 10:18 AM Eastern Daylight Time

Research and Markets: Morocco Agribusiness Report Q4 2011

DUBLIN–(BUSINESS WIRE)–Research and Markets(http://www.researchandmarkets.com/research/211578/morocco_agribusine) has announced the addition of the “Morocco Agribusiness Report Q4 2011” report to their offering.

Business Monitor International’s Morocco Agribusiness service provides proprietary medium term price forecasts for key commodities, including corn, wheat, rice, sugar, cocoa, coffee, soy and milk; in addition to newly-researched competitive intelligence on leading agribusiness producers, traders and suppliers; in-depth analysis of latest industry developments; and essential industry context on Morocco’s agribusiness service.

BMI View: New official figures and data from the USDA and the FAO have encouraged BMI to make further changes to their production forecasts for Morocco’s agribusiness sector. In the case of wheat and barley, production growth based on the harvest ending June 2011 outperformed government expectations. Although relatively weak production growth is expected for Morocco’s livestock and dairy sectors in 2011, growth in all sectors will remain positive and is predicted to accelerate from 2012. Production growth will be especially strong for wheat, barley and poultry owing to the steady expansion of Morocco’s economy and rising GDP per capita ratios.

Social unrest and the recent terrorist attack in Marrakech previously led BMI to revise down their growth forecasts for 2011. However, they now believe that increased government spending will prevent a more pronounced downturn. Between 2011 and 2015, BMI predict that Morocco’s annual GDP growth will average 4.7%. BMIs five-year forecasts continue to envisage strong growth in the consumption of poultry, beef, dairy produce and sugar. Demand growth in these segments will benefit from rising living standards and by an expanding population.

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